Brent oil tumbled on Tuesday amid demand concerns

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Source: Dukascopy Bank
Energy futures tumbled on Tuesday amid positive data from the EU and weak US Dollar. Falling durable orders and home prices in the US weighted down on oil's price Moreover, the commodity group lost momentum provided by geopolitical tensions and investors turned to the demand concerns. Record high energy prices created a downward pressure on the demand from key consumers as soaring prices may impact fragile economic recovery. At the same time, investors cashed out from the high prices as sharply growing energy prices appeared to be unsustainable.  Natural gas was the top loser over the day as mild weather forecasts and increased market volatility in the end of the month both sent the commodity lower.


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Wed, 29 Feb 2012 17:52:57 GMT

Sugar fell on profit taking from four-month high price

Agricultural commodities, except for sugar, rallied on Tuesday amid weaker US Dollar and positive headlines from the US and the EU. However, sugar futures edged lower during the volatile trade as investors cashed out of the market to profit from four-month high sugar prices before switching to the next month contract. Moreover, Rabobank expects sugar price to fall in the

Wed, 29 Feb 2012 17:19:31 GMT

Zinc bolstered by improved manufactoring activity in the US

Industry metals were mixed on Tuesday with advancing zinc and copper and falling aluminum and nickel. Expanding manufacturing activity in the US and improved consumer sentiment in the Euro Zone both created a boost for the base metals' prices. Indications of property market recovery in China also contributed to gains. However, strong price stimulating factors failed to support nickel and

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